Infrastructure
Nearly 3,500 projects completed under PMGSY in J&K
Nearly 3,500 projects, including 217 bridges, have been completed under the Pradhan Mantri Gram Sadak Yojana in Jammu and Kashmir over the past two decades. A review meeting emphasized expediting completion, quality standards, and rural connectivity improvements. Out of 2,140 targeted habitations, 2,129 have been connected, incurring Rs 12,650 crore.
Better infrastructure is about connecting dreams, accelerating progress: PM Modi
Prime Minister Modi announced Cabinet approvals for three railway projects worth ₹7,927 crore, benefiting Maharashtra, Madhya Pradesh, and Uttar Pradesh. A national mission to promote natural farming among one crore farmers was also approved, with a budget of ₹2,481 crore. 'One Nation One Subscription' received a nod, aiming to boost research and learning.
India-UK investment bridge: Focus on roads, renewables, and rapid transit projects
India and the UK are partnering on infrastructure projects, focusing on roads, rapid transit, and renewables. The collaboration aims to attract UK investment and expertise to support India's growth, with initial plans to identify three projects by March 2024. Building confidence among UK firms wary of past challenges is key to the partnership's success.
IIFCL has investments in Adani and other infrastructure projects: MD
IIFCL's Managing Director, P R Jaishankar, assured investors that the company's investments in Adani Group projects are secure and isolated within special purpose vehicles. Despite the US Department of Justice's allegations against the Adani Group, Jaishankar emphasized that IIFCL's investments are protected and the company maintains a low NPA level of 0.22%.
PNC Infra gets NHAI nod to transfer 100 pc stake in 3 subsidiaries to Highways Infra Trust
PNC Infratech has secured approval from NHAI to transfer its 100% stake in three road project subsidiaries to Highways Infrastructure Trust. This is part of a larger Rs 9,005 crore deal involving the divestment of twelve road assets to the KKR-controlled trust.
PM GatiShakti: 228 infra projects worth Rs 15.89 lakh crore recommended for approval
The Indian government has recommended 228 infrastructure projects worth ₹15.89 lakh crore for approval under the PM GatiShakti initiative. Reviewed by the Network Planning Group (NPG), these projects, primarily roads and railways, aim to reduce logistics costs and boost multi-modal connectivity. The initiative leverages a national master plan with extensive geospatial data for integrated planning and faster approvals.
Ten newly approved industrial cities to boost India's economic corridors: DPIIT
India is developing ten new industrial smart cities along its economic corridors, representing a Rs 28,602 crore investment. These cities aim to boost industrial growth and connectivity across various regions, including the densely populated north and the coastal east. The government highlights these corridors as transformative for India's industrial landscape, promoting trade, exports, and balanced regional development.
Festivals take e-toll collections to a record ₹6,000 crore in October
India witnessed its highest-ever monthly electronic toll collection in October, reaching ₹6,114.92 crore. This surge, a 7.6% increase from the previous six-month average, signals robust economic activity driven by festive spending and increased travel during Dussehra and Diwali.
Infra, transport sector leaders expect growth in earnings, headcount in next 3 years: Report
India is poised to undertake a massive infrastructure development program, demanding significant capital investment. A global survey of infrastructure and transportation CEOs reveals optimism for growth but highlights concerns about ESG expectations and climate change impacts. CEOs acknowledge the public's reliance on businesses to address societal issues and are prepared to prioritize reputation over short-term profits.
Charmadi Ghat, a key highway in Karnataka to be widened at Rs 343 Cr: MP
The Charmadi Ghat section of National Highway-73 will undergo a Rs 343.74 crore expansion to widen the route to two lanes. The 11-kilometer project aims to improve connectivity between Mangaluru, Mudigere, and Tumakuru, easing travel and enhancing goods transport. The upgrade is expected to benefit the local economy and improve connectivity between Karnataka's coastal districts and upghat areas.
Must Watch
Govt plans to incentivise planned urbanisation of peri-urban areas
The Ministry of Housing and Urban Affairs aims to promote planned development of peri-urban areas by incentivising states and addressing political, administrative, and financial reforms. This aligns with the upcoming recommendations from the Sixteenth Finance Commission, chaired by Arvind Panagariya, to augment urban local body revenues from 2026-27 to 2031-32.
Network Planning Group under PM GatiShakti evaluates 7 infrastructure projects
The seven projects included Jharsuguda to Sason 3rd and 4th lines Rail Line, Odisha; Tirupati-Katpadi Double Line, Andhra; Pradesh and Tamil Nadu; Prayagraj-Jaunpur-Azamgarh-Dohrighat-Gorakhpur Road, Uttar Pradesh; and Ghazipur-Syed Raja Road Section, Uttar Pradesh.
Varanasi ropeway project gets Rs 322 cr funding from Swiss firm
The National Highways and Logistics Management Limited (NHLML), under the administrative control of the ministry of road transport and highways and a 100% owned company of the National Highways Authority of India, has entered into a 60:40 joint venture with VSE to construct the ropeway, sharing 60% of the estimated Rs 807 crore cost of the project.
India has 360 proposals for ropeway and cable car: Union Minister Nitin Gadkari
Union Minister Nitin Gadkari announced that India has 360 ropeway and cable car proposals worth USD 7.93 billion. He invited joint ventures with Germany, Austria, and Switzerland. Gadkari emphasized the need to make these projects economically viable with affordable costs, and to develop indigenous and cost-efficient solutions while ensuring safety.
Freight corridors contribute Rs 16,000 crore to India’s GDP
A study by the University of New South Wales has found that India's Dedicated Freight Corridors (DFCs) will contribute ₹16,000 crore to the country's GDP. The operationalization of the Western DFC (WDFC) has led to reduced freight costs and travel times, lowering commodity prices by up to 0.5%. The DFCs accounted for 2.94% of Indian Railways' revenue growth from FY 2018-19 to FY 2022-23, handling over 10% of the rail freight.
Gadkari approves Rs 1,155 cr two highway upgradation projects in Andhra Pradesh, Madhya Pradesh
Minister Nitin Gadkari has sanctioned two highway projects worth Rs 1155.86 crore in Andhra Pradesh and Madhya Pradesh. The projects aim to enhance road safety, reduce congestion, and stimulate economic growth, highlighting the government's commitment to improving connectivity and fostering regional economic activities.
